Wednesday Update: Mexico


Sell Signal: EWW (Mexico ETF) 

Option: Apr $43.00 Put

EWW topped last summer at $57.82 and fell to as low as $37.50 in late December. At $1.35, the April options need only rise to $1.82 for a 35% gain, and $2.00 for a 50% gain. A test of the December low in the next 64 days values this put at $5.50 or better.